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  6. Plug Power Acquires Joule Processing

M&A Deal Summary

Plug Power Acquires Joule Processing

On February 17, 2022, Plug Power acquired energy services and equipment company Joule Processing

Acquisition Highlights
  • This is Plug Power’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Plug Power’s 2nd transaction in the United States.
  • This is Plug Power’s 2nd transaction in Texas.

M&A Deal Summary
Date 2022-02-17
Target Joule Processing
Sector Energy Services and Equipment
Buyer(s) Plug Power
Deal Type Add-on Acquisition

Target

Joule Processing

Houston, Texas, United States
Joule Processing is an engineering, process equipment, services, and process optimization company dedicated to finding new and better ways to meet the needs of midstream operators. Joule Processing was founded in 2009 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Plug Power

Latham, New York, United States
Category Company
Founded 1997
Sector Electronics
Employees3,224
Revenue 629M USD (2024)
DESCRIPTION

Plug Power provides an alternative energy technology and deployment of clean, reliable, on-site energy products, currently integrates fuel cell technology into backup power products for telecommunications, utility and uninterruptible power supply applications. Plug Power was founded in 1997 and is based in Latham, New York.

DEAL STATS #
Overall 4 of 4
Sector: Energy Services and Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Frames

Alphen aan den Rijn, Netherlands

Frames designs build and deliver processing equipment, separation technologies, flow control & safeguarding systems, renewable energy, and water solutions. Frames was founded in 1984 and is based in Alphen aan den Rijn, Netherlands.

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